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BCG 1 - i can invest atleast 5% and company wil match it with 7%
Rising Star
Must haves: legal minimum employer contribution
Nice to have: salary sacrifice
Pretty much it. Don’t assume a large employer contribution is a good thing - it’s strictly worse than additional cash comp with salary sacrifice.
Pro
Mck is 12% contribution.
Qb1 - ok makes sense, in my case I'm happy with the employer contribution because otherwise I'd surely spend it all 🤑
Only thing the plan needs to be efficient when your taxable income exceeds 100k, is to allow for you to make lump sum payments
Pro
Agree. 12% total contribution is at the low end and once you have cleared debts and enjoyed the first year of post MBA comp your thoughts will turn either to tax optimisation or home ownership (there isn’t a solution for both unless you have wealthy generous grandparents optimising inheritance tax).
Lump sum voluntary pension contributions (AVCs) are very tax efficient and I would expect most firm schemes to include as standard. You could also ask about fund ranges and fees but I would assume any firm with a substantial London office will have an industry standard platform (if it’s a small outpost of an overseas firm, maybe check).
Since you’re thinking about pensions, spend an hour after you start to optimise fund choices. A remarkable number of smart people don’t and the default option has been picked by people very different from you